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Selling your business or passing it on? Succession Planning

A major consideration facing family owned and owner managed businesses is ensuring the future running and continuity of a business after retirement. This may involve the transfer of the business to family members or to key employee(s).
What are the options?

You should consider making a list of options on how you plan to exit the business. 
The exit options can be summarised as follows

  • Sell the business
  • Family buy out
  • Passing the business down to the next generation
  • Management buy out

In practice the plan may call on a combination of these.

Succession planning needs to be a key component of your business plan and should be considered right from the start.  It ensures a smooth, profitable and successful transition with as little interruption to business and customers as possible.

At Montpelier Professional Limited we can guide you through the key steps of succession planning and ensure it forms an integral part of your business plan – from start to finish.

When you are ready to hand over your business, we provide a professional service including:

  • Preparing the business for sale
  • Providing business valuations
  • Offering guidance and advice on the exit strategies available
  • Negotiating management and family buy outs
  • Co-ordinating and negotiating the business sale
  • Carrying out the due diligence
  • Post sale tax, Capital Gains Tax and warranty advice

When you are ready to retire, we can also provide professional advice and support:

To better understand the best option for you and your business contact us now.

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